Specialized Storage & Warehousing in the US
Over the five years to 2018, the Specialized Storage and Warehousing industry has grown in response to strong demand from key market segments. The industry handles bulk petroleum storage, chemical storage, lumber storage and whiskey storage, among various other services. Petroleum storage is the industry's largest revenue generator. As a result, industry growth tends to follow US petroleum inventories. Commercial inventories of crude oil stock in the United States have increased over the five years to 2018. In addition to greater petroleum storage demand, the industry has benefited from rising demand for document services and chemical and lumber storage. The low interest rate environment during the five-year period, combined with improved corporate profit levels, consumer confidence and disposable income levels, has supported substantial industrial activity. Oil production is anticipated to continue growing, but oil inventories are expected to be restricted by increased demand. Nonetheless, petroleum stocks are expected to remain high, particularly once prices move high enough to entice greater oil production.
Companies in the Specialized Storage and Warehousing industry primarily operate specialized warehousing and storage facilities. This does not include general merchandise, refrigerated and farm product warehousing or storage.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook